Autoliv (NYSE:ALV) Stock Rating Upgraded by StockNews.com

Autoliv (NYSE:ALV) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other brokerages have also issued reports on ALV. Barclays dropped their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research note on Tuesday, January 7th. Finally, Robert W. Baird raised their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $121.62.

Autoliv Trading Down 0.4 %

Shares of ALV stock opened at $97.17 on Tuesday. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The business’s fifty day moving average is $96.40 and its 200 day moving average is $97.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market capitalization of $7.55 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Autoliv will post 8.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. boosted its holdings in Autoliv by 3.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock valued at $391,000 after acquiring an additional 140 shares in the last quarter. Legend Financial Advisors Inc. lifted its position in shares of Autoliv by 1.8% in the 4th quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 115 shares during the period. Fortem Financial Group LLC boosted its stake in shares of Autoliv by 3.5% during the 4th quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company’s stock valued at $633,000 after purchasing an additional 228 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after purchasing an additional 76,510 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Autoliv during the third quarter valued at about $1,684,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.